There are hundreds of stock market books written, but finding the best stock market books for beginners is a crucial step. Therefore, here we will help you find the best stock market books that will help you reach your trading and investing goals.
Investors or traders who are just beginning their careers may find it difficult to make sense of the stock market. The stock market has a wide variety of investment and trading options, which is why beginners have trouble understanding where to begin.
We recommend these 10 Stock Market Books for Beginners that will help you become a better trader or investor.
Best Stock Market Books for Beginners
The stock market is a risky game. So before jumping into the market, you must first learn how the stock market works. The most effective way to learn anything is to read as much as possible about it.
Now let’s go through the top stock market books and an introduction to them so that you understand what they are about.
#1 Rich Dad Poor Dad
|Book Name||Rich Dad Poor Dad|
|First Edition Published||1997|
|Language||English, Hindi (More 51 Language)|
Rich Dad Poor Dad is the story of two fathers, one rich and one poor. In Rich Dad’s lesson, he explains how to build wealth, while in Poor Dad’s lesson, he explains how to live with adjustments.
This book will teach you how to build a growth mindset and become wealthy. This is the finest personal finance book I have ever read. If you want to start your financial journey, you must read this book.
#2 The Psychology of Money
|Book Name||The Psychology of Money|
|First Edition Published||2020|
|Language||English, Hindi, Marathi, Gujarati, Tamil, Telugu|
The Psychology of Money book teaches you about your relationship with money. It explains how money moves around the economy and how our personal biases and emotions play an influential role in our financial decisions. It also teaches you how to make better decisions when it comes to money.
People didn’t understand the power of personal finance and rarely discussed it. Because of this, many people believe that having money is a matter of luck. However, if you want to be a person who enjoys financial freedom, first you have to learn personal finance.
#3 Learn to Earn
|Book Name||Learn to Earn|
|First Edition Published||1996|
The Learn to Earn book was written by Peter Lynch. He is an American investor and mutual fund manager who consistently makes 29.2% annual returns. Those who are just beginning to invest can begin by reading the Learn to Earn book.
This book is the best for learners who want to start their journey in the world of investing. It will teach you how to invest, where to invest, and when to invest to maximize profits, as well as about different types of securities, such as equity, mutual funds, and government bonds.
#4 How to Make Money in Stocks
|Book Name||How to Make Money in Stocks|
|Author||William J. O’Neil|
|First Edition Published||1994|
How to Make Money in Stocks is one of the best books for building wealth on the stock market. This book was written by William J. O’Neil in 2008. Aside from being an entrepreneur, stockbroker, and author, he also runs a brokerage firm named William O’Neil & Co. Inc
This book is a great way to find good stocks and keep from losing money on the stock market. In this book, you will learn the concepts of demand and supply, different types of chart patterns, market psychology, and much more.
#5 A Beginner’s Guide to the Stock Market
|Book Name||A Beginner’s Guide to the Stock Market|
|Author||Matthew R Kratter|
|First Edition Published||2019|
A Beginner’s Guide to the Stock Market was written by Matthew R. Kratter. In addition to founding Trader University, a portal for stock market learners, he is also the author of multiple best-selling books.
“A Beginner’s Guide to the Stock Market” Book written for those who have no prior experience in the stock market, so if you’re starting, this book will be beneficial. The first step to making significant money from the stock market is to learn how it works and avoid costly mistakes as a beginner.
#6 Stocks to Riches
|Book Name||Stocks to Riches|
|First Edition Published||2017|
Stocks to Riches is a book written by Parag Parikh. He began his journey with Parag Parikh Securities Ltd. in 1983 as an equity brokerage house with the Bombay Stock Exchange (BSE). Later, in 1996, he launched a portfolio management scheme (PMS) called Cognito.
Stocks to Riches is an excellent resource for anyone looking to begin investing in the Indian stock market. This book will teach you some fundamental concepts that will help you make better decisions while investing. Concepts like mental accounting, the differences between trading and speculation, a deep understanding of investing, and much more.
#7 Common Stocks and Uncommon Profits
|Book Name||Common Stocks and Uncommon Profits|
|Author||Philip A. Fisher|
|First Edition Published||2015|
Successful stock market investment requires time, effort, and, most importantly, strong self-control and rational thinking. Common Stocks and Uncommon Profits by Philip Fisher is a very helpful book to understand how the stock market works and how to make money with common stocks.
This book won’t teach you how to become rich quickly. However, this book comes with many valuable lessons on making wealth and achieving financial freedom.
#8 One Up on Wall Street
|Book Name||One Up on Wall Street|
|First Edition Published||2015|
|Language||English, Hindi, Marathi|
One Up on Wall Street was also written by Peter Lynch. I’m a big fan of America’s No. 1 money manager Peter Lynch. He believes that common stocks can become blue chip in their fields. You only need strong analysis and perfect timing.
One Up on Wall Street Book will teach you how to find high-performing stocks without prior knowledge, among other things, to help you become a better stock market investor.
#9 The Intelligent Investor
|Book Name||The Intelligent Investor|
|First Edition Published||1949|
|Language||English, Hindi, Marathi, Gujarati|
The Intelligent Investor is a very famous book in the field of investing written by Benjamin Graham. He’s also known as the father of value investing. Benjamin Graham was a Columbia University student before he started his career on Wall Street. Benjamin Graham wrote two books devoted to investing: Security Analysis (1934) and The Intelligent Investor (1949).
The Intelligent Investor aims to help people minimize risks while investing. It focuses on long-term investing and more risk-averse approaches. Graham advised investors to base their investments on research rather than predictions.
#10 Reminiscences of a Stock Operator
|Book Name||Reminiscences of a Stock Operator|
|First Edition Published||1923|
Reminiscences of a Stock Operator is a biography of the life of Jesse Livermore, a stock market trader who was born in the late 19th century. He made lots of money speculating on the prices of stocks and commodities.
In Jesse Livermore’s observation, people do not change. At the moment, fear and greed are the only forces driving the stock market. People still want to become rich quickly. This mindset prevents them from making money on the stock market.
In order to become a better trader or investor, you should have this book in your library. This is because it will teach you the most valuable things about the stock market.
Psychology is the most important part of trading and investing. The Psychology of Money and Rich Dad Poor Dad will help you shift your mindset so that you can be successful with money. After reading these two books you have to decide whether you want to be a trader or an investor. After that, you can start your journey based on your goals.
I hope these Stock Market Books for Beginners will help you to achieve your financial goals. Please feel free to comment below this post if you have any questions about this article, or if you would like to suggest more books that are suitable for beginners.